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Japanese Officials Consider
More Tax Cuts to Spur Economy

Dow Jones Newswires

Updated April 5, 1998 7:08 a.m. ET

TOKYO -- A day after Prime Minister Ryutaro Hashimoto refused to commit himself publicly to cutting income taxes, Japanese media reports and remarks by other officials Sunday indicated that the government was slowly moving towards making such tax cuts.

Koji Omi, director-general of the Economic Planning Agency, said on a television program that the government was prepared to consider the extension into 1999 of a 2 trillion yen income tax cut already implemented for 1998.